Home prices, which have fallen nearly 6% over the past four quarters (ending June 30), could fall another 3.6% by 2Q11, according to analysts at Fiserv, which owns and generates the Case/Shiller house price indexes.

The RMBS and related CDO sectors lead the pack in both realized and expected future credit losses from U.S. structured finance issuances, according to Fitch Ratings.

Volkswagen is going to issue a $750 million auto lease transaction under its Volkswagen Auto Lease Trust 2011-A.

Ocwen Financial Corp. this morning said it would raise $375 million of new equity and use some of the proceeds to buy $15 billion of mortgage servicing rights from JPMorgan Chase.

The three largest tobacco companies last week exempted 12 states and four territories from arbitration that would force the municipalities to refund money from 2003 settlement overpayments the companies believe they made.

Policymakers who stood by and watched the mortgage bubble inflate, and then explode, ought to pay attention to what's happening in the student loan market.

Wells Fargo this week launched a new unit to provide financial services to publicly traded REITs involved in commercial properties.

Foreclosure filings increased 7% in October from the prior month with servicers and banks recording default notices, scheduled auctions, and lender repossessions on 230,678 U.S. properties, according to new figures compiled by RealtyTrac.

Alliance Data Systems Corp. completed its $350 million credit card deal called World Financial Network Credit Card Master Note Trust.

Further details emerged on the upcoming Barclays Capital U.K. RMBS deal from its Gracechurch master trust structure.

Lloyds Banking Group reported its pre-tax profits fell to £644 million in the three months to September — a 21% drop from the previous quarter.